Audit Committee

The Audit Committee plays a pivotal role in the corporate governance framework of the University. Its remit is not confined to the monitoring or testing the effectiveness of financial systems and controls, but includes independent oversight of risk management, control and governance arrangements, and any aspect of the internal control environment. In addition to its broad role in monitoring the adequacy of the University’s internal control environment, the specific functions of the Committee include:

 

• monitoring the performance of the University’s internal and external auditors, central to which is reviewing the auditing of the University’s financial statements and scrutinising the Statement on Internal Control; 
• testing implementation of the recommendations and observations of the internal and external auditors and the Employment and Finance Committee related to the audited Financial Statements, as the basis for their recommendation for Board approval; 
• as part of the ‘opinion’ in its Annual Report to the Board and Vice-Chancellor, the Committee is required to comment on the adequacy of corporate governance, risk management controls, data quality and accuracy, arrangements for economy, efficiency and effectiveness (value for money), and financial risks and irregularities, including incidents of fraud or corruption.

Terms of Reference 2022/23

Membership 2022/23

James Bromiley (Chair)  

Peter Judge (Independent Governor)

Helen Thorne (Independent Governor)

Sally Pelham (Independent Governor)

Amy Rice-Thomson (Independent Governor)

Alasdair Corfield (External Co-opted Committee Member)

John Hudson (External Co-opted Committee Member)

Stella Liu (External Co-opted Committee Member)

 

Officers

Secretary: Georgina Bailes 

Assistant Secretary: Richard Elliott 

  

Officers in Regular Attendance 

Vice-Chancellor and Chief Executive: Professor Andy Long

Deputy Vice-Chancellor: Professor Tom Lawson

Chief Financial Officer: Simon Newitt

Chief Strategy Officer: Daniel Monnery

 

Date and Time of Audit Committee Meetings in 2022/23

Date	Time	Location
Monday 19 September 2022	14.00	Microsoft Teams
Monday 14 November 2022	14.00	Sutherland Building
Monday 13 February 2023	14.00	Microsoft Teams
Monday 22 May 2023	14.00	Microsoft Teams